OpRisk Asia: Remuneration and evaluations not the whole answer on culture

Cash in pocket is a payment made

Operational risk managers highlighted the difficulties of improving bank culture at the OpRisk Asia conference in Singapore today in a discussion that also covered the difficulties of measuring good and bad culture.

Panellists warned that the tools available to risk managers to encourage staff to speak up about risky, unethical or illegal behaviour could easily be misapplied. The key objective was "that everyone manages risk, not just the risk managers", said Anthony Rizzo, risk executive for

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